NetJets Set To Import First Aircraft Into China

AINalerts » December 19, 2013
December 19, 2013, 2:55 PM

NetJets will import its first two aircraft into China this month in anticipation of securing a Chinese air operator certificate (AOC) around the end of the first quarter of next year. The U.S. company will base a pair of its Hawker 800s in China so it can offer charter services to local clients. The main business model for Zhuhai-based NetJets-China Business Aviation Ltd. will be to provide aircraft management services.

NetJets CEO Jordan Hansell told AIN in an interview on Tuesday that the first managed aircraft could follow soon after the AOC is issued. “One of the things that has made the Chinese government interested in us is that they can see that we’ve done aircraft management elsewhere and that we’ll operate at a high standard,” he said. “It’s part of their five-year plan to develop this industry in the country and they seem to see that we can help to raise the standards there.”

NetJets’s local subsidiary, which is supported by a new sales office in Beijing, is a joint venture with a consortium of Chinese investors led by Hony Jinsi Investment Management (Beijing) Ltd.–a subsidiary of Chinese private equity firm Hony Capital–and Fung Investments, which is owned by the families of Dr. Victor Fung and Dr. William Fung.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.